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Reply to "Where are the people who said prices would plummet when the fed layoffs were announced?"
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[quote=Anonymous]From the vantage point of Q1 2025, it was reasonable to assign a non-negligible probability that DOGE-fueled job cuts and their knock-on effects would depress DMV home values significantly, even if temporarily. It is possible that no such retrenchment would have taken place if DOGE has succeeded in the maximal version of its project, but we will never know because DOGE simply ended up: (1) displacing a fairly large number of Feds at the lower end of the pay scale (i.e., the people who are least relevant to SFH demand); (2) causing or at least encouraging many Feds at the upper end of the pay scale to leave the government for more lucrative jobs (increasing their spending capacity; (3) absconding with a jaw-dropping trove of government data to be used for private purposes; and (4) nixing a lot of programs that they did not understand, killing a lot of people in the process and threatening America's primacy in basic science research. [/quote]
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